Major factors driving the growth of the Cloud Database market
TRENDS INFLUENCING THE GROWTH OF CLOUD DATABASE MARKET
CLOUD DATABASE MARKET SHARE
Based on Service Models, the hybrid cloud segment accounted for the largest market share due to the offerings of hybrid cloud databases emerging as the growing trend in the market as they provide almost total control of operations over the data which is stored.
The Asia Pacific is the fastest-growing market due to the higher adoption of security-based applications and rising demand for innovative cloud services.
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CLOUD DATABASE MARKET SEGMENTS
Cloud Database Breakdown Data by Type
Cloud Database Breakdown Data by Application
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- The global Cloud Storage Market size was valued at USD 46.12 Billion in 2019, and is projected to reach USD 222.25 Billion by 2027, growing at a CAGR of 21.9% from 2020 to 2027.
- Cloud Backup & Recovery Software Market size is projected to reach USD 27080 Million by 2027, from USD 7502.1 Million in 2020, at a CAGR of 19.6% during 2021-2027.
- Cloud Backup Services Market Report covers key companies are Microsoft Corporation, HP, Dell Inc, Commvault Systems, NetApp, Inc, IBM, Unitrends, Oracle Corporation, Veritas Technologies, Veeam Software, Trilogy Technologies, Amazon, Cisco Systems, Fujitsu, Alibaba Cloud.
- Cloud Service Providers and Their Data Center Strategies: Worldwide cloud service providers cloud data center strategies will affect the development of cloud equipment and hosting companies. For AWS (Amazon Web Services), Microsoft Azure, and GCP (Google Cloud Platform), cloud data centers are not only hardware equipment but also systems of different kinds of network connections and data communications solutions.
- Cloud Applications Market is segmented by Type E-mail, File Storage, File Sharing, Customer Relationship Management, by Application BFSI, Manufacturing, Government and Public Sector, Telecommunications and by various regions.
- The Personal Cloud Market size was valued at USD 26.80 Billion in 2019, and is projected to reach USD 161.39 Billion by 2027, growing at a CAGR of 24.6% from 2020 to 2027.
- Cloud CRM Market is segmented by Type Customer Service, Manufacturing, Social Network, Supply Chain, Distribution, by Application SEMs, Large Enterprise and by various regions.
- The Cloud Services Market size was valued at USD 264.80 Billion in 2019, and is projected to reach USD 927.51 Billion by 2027, growing at a CAGR of 16.4% from 2020 to 2027.
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